Microsoft Corporation (NASDAQ:MSFT) Shares Bought by Hengehold Capital Management LLC

Hengehold Capital Management LLC grew its holdings in shares of Microsoft Corporation (NASDAQ:MSFT) by 0.4% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 20,275 shares of the software giant’s stock after purchasing an additional 90 shares during the period. Hengehold Capital Management LLC’s holdings in Microsoft were worth $7,611,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Ball & Co Wealth Management Inc. acquired a new stake in shares of Microsoft in the 4th quarter worth approximately $31,000. Fiduciary Advisors Inc. acquired a new stake in shares of Microsoft in the 4th quarter worth approximately $38,000. LSV Asset Management acquired a new stake in shares of Microsoft in the 4th quarter worth approximately $44,000. Fairway Wealth LLC acquired a new stake in shares of Microsoft in the 4th quarter worth approximately $62,000. Finally, IFS Advisors LLC grew its holdings in shares of Microsoft by 50.0% in the 1st quarter. IFS Advisors LLC now owns 150 shares of the software giant’s stock worth $57,000 after acquiring an additional 50 shares during the period. Institutional investors and hedge funds own 71.13% of the company’s stock.

Microsoft Stock Down 0.3%

Shares of NASDAQ MSFT opened at $510.05 on Friday. Microsoft Corporation has a 12-month low of $344.79 and a 12-month high of $514.64. The company has a market cap of $3.79 trillion, a P/E ratio of 39.42, a P/E/G ratio of 2.33 and a beta of 1.04. The company has a current ratio of 1.37, a quick ratio of 1.36 and a debt-to-equity ratio of 0.12. The stock has a fifty day moving average price of $477.78 and a 200 day moving average price of $428.49.

Microsoft (NASDAQ:MSFT) last announced its quarterly earnings results on Wednesday, April 30th. The software giant reported $3.46 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.22 by $0.24. The firm had revenue of $70.07 billion during the quarter, compared to the consensus estimate of $68.54 billion. Microsoft had a return on equity of 32.74% and a net margin of 35.79%. The firm’s quarterly revenue was up 13.3% compared to the same quarter last year. During the same period in the prior year, the firm earned $2.94 EPS. Research analysts anticipate that Microsoft Corporation will post 13.08 EPS for the current fiscal year.

Microsoft Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, September 11th. Stockholders of record on Thursday, August 21st will be paid a dividend of $0.83 per share. The ex-dividend date of this dividend is Thursday, August 21st. This represents a $3.32 annualized dividend and a dividend yield of 0.65%. Microsoft’s dividend payout ratio is presently 25.66%.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on the company. Piper Sandler upped their price target on Microsoft from $475.00 to $600.00 and gave the stock an “overweight” rating in a report on Thursday, July 10th. JPMorgan Chase & Co. upped their target price on Microsoft from $465.00 to $475.00 and gave the company an “overweight” rating in a research note on Thursday, May 1st. Citigroup upped their target price on Microsoft from $540.00 to $605.00 and gave the company a “buy” rating in a research note on Wednesday, June 11th. Mizuho upped their target price on Microsoft from $500.00 to $540.00 and gave the company an “outperform” rating in a research note on Wednesday. Finally, Royal Bank Of Canada reaffirmed an “outperform” rating and issued a $525.00 target price on shares of Microsoft in a research note on Friday, May 23rd. Four equities research analysts have rated the stock with a hold rating and twenty-nine have issued a buy rating to the company. According to MarketBeat.com, Microsoft presently has a consensus rating of “Moderate Buy” and an average target price of $541.79.

Insider Activity at Microsoft

In other news, EVP Amy Coleman sold 13,243 shares of the firm’s stock in a transaction dated Thursday, May 15th. The stock was sold at an average price of $452.01, for a total transaction of $5,985,968.43. Following the completion of the sale, the executive vice president directly owned 43,100 shares in the company, valued at $19,481,631. This trade represents a 23.50% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Judson Althoff sold 16,000 shares of the firm’s stock in a transaction dated Monday, May 19th. The shares were sold at an average price of $458.18, for a total value of $7,330,880.00. Following the sale, the executive vice president owned 98,010 shares of the company’s stock, valued at $44,906,221.80. This represents a 14.03% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 135,743 shares of company stock valued at $60,224,683. 0.03% of the stock is currently owned by insiders.

About Microsoft

Microsoft Corporation develops and supports software, services, devices and solutions worldwide. The Productivity and Business Processes segment offers office, exchange, SharePoint, Microsoft Teams, office 365 Security and Compliance, Microsoft viva, and Microsoft 365 copilot; and office consumer services, such as Microsoft 365 consumer subscriptions, Office licensed on-premises, and other office services.